Oregon Public Employees Retirement Fund lifted its holdings in JBG SMITH Properties (NYSE:JBGS) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,151 shares of the company’s stock after buying an additional 3,980 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in JBG SMITH Properties were worth $1,502,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Texas Permanent School Fund grew its position in shares of JBG SMITH Properties by 13.3% in the 3rd quarter. Texas Permanent School Fund now owns 68,140 shares of the company’s stock valued at $2,510,000 after purchasing an additional 7,998 shares during the period. Retirement Systems of Alabama boosted its position in JBG SMITH Properties by 15.9% during the 3rd quarter. Retirement Systems of Alabama now owns 139,798 shares of the company’s stock worth $5,149,000 after acquiring an additional 19,134 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in JBG SMITH Properties during the 3rd quarter worth approximately $399,000. State Treasurer State of Michigan boosted its position in JBG SMITH Properties by 16.6% during the 3rd quarter. State Treasurer State of Michigan now owns 40,025 shares of the company’s stock worth $1,474,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Brookfield Asset Management Inc. acquired a new position in JBG SMITH Properties during the 3rd quarter worth approximately $1,440,000. Institutional investors and hedge funds own 81.68% of the company’s stock.
In other news, Director University Yale sold 166,833 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $38.34, for a total transaction of $6,396,377.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles E. Haldeman acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $38.45 per share, for a total transaction of $576,750.00. Following the purchase, the director now owns 35,000 shares in the company, valued at $1,345,750. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 1,285,417 shares of company stock valued at $50,630,800. Insiders own 13.33% of the company’s stock.
A number of equities analysts have weighed in on JBGS shares. ValuEngine raised JBG SMITH Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Stifel Nicolaus raised JBG SMITH Properties from a “sell” rating to a “hold” rating and upped their price target for the stock from $34.00 to $37.00 in a research report on Monday, October 22nd. Finally, Zacks Investment Research downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th.
NYSE:JBGS traded down $0.18 during trading hours on Monday, reaching $39.54. 75 shares of the stock were exchanged, compared to its average volume of 411,900. JBG SMITH Properties has a twelve month low of $30.86 and a twelve month high of $40.72. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.80 billion, a P/E ratio of 22.83 and a beta of 0.72.
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JBG SMITH Properties Profile
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.
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